Global law firm Ashurst Perkins Coie is advising Gulf Investment Corporation G.S.C. (GIC) on the sale of its entire shareholding in Tristar Holdings Limited (Tristar) to Aegis Logistics, India's leading integrated oil, gas and chemical logistics company. GIC is selling alongside Agility Global PLC and Diamond Holdings Ltd, with Aegis acquiring an 89.8% stake in Tristar in aggregate.
The transaction values Tristar at an enterprise value of USD 1.5 billion and an equity value of USD 882 million. The transaction is expected to close before the end of March 2027, subject to regulatory approvals.
The Ashurst Perkins Coie team was led by corporate partner Maha Osman and senior associate Dasith Vithanage.
